🏡 Real Estate Vocabulary: Chain of Title 📜

When buying a home, it's crucial to know who owned it before you! The Chain of Title is a legal document that lists the history of ownership of a property.

🔎 Why is this important?
✔️ Ensures the seller has the legal right to sell the property
✔️ Helps identify any liens or claims against the home
✔️ Confirms a clear title before closing

Buyers typically receive a preliminary title report from an escrow officer or attorney shortly after an offer is accepted. This ensures the title is clean and ready for transfer.

Thinking about buying a home? Let’s make sure your title is clear before you close! 💙🏡

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